Answer:
Buyer's point of view of the best quality of a product is based on its differentiation and competition. Therefore the product that has the best quality is the one which satisfies buyer's needs when used.A product or service's inherent qualities are those that were designed to meet the needs, expectations, and requirements of its customers. Physical and functional traits like size, weight, capacity, speed, dependability, portability, taste, etc.
Why quality is important?Customers will look for alternatives if a company doesn't live up to their expectations. Customers must be satisfied in order to keep their loyalty and their willingness to purchase in the future.
Businesses can lower costs associated with product returns, defects, and losses through product quality control. Customers frequently purchase more from brands they are familiar with and trust. Assuring product quality will help customers become familiar with your brand, motivate them to purchase your goods, and boost your revenue.
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“At Toyota, we get brilliant results from average people managing brilliant processes. Others get average results from brilliant people managing broken processes” (The Toyota Motor Company). In order to achieve your quality, cost, delivery, and safety goals, you must proactively strive to continuously improve your business operations. What specific strategies will you implement to create brilliant processes? How will you teach employees to eliminate waste? How will you get their buy-in? How will you measure progress as you improve your business processes?
When done well, Car business processes can be a significantly lucrative operation, with huge scaling opportunities and the potential to expand to new locations.
Automakers and dealers promote their vehicles online. The alternatives are reducing consumer interest, adherence, and auto dealership revenue. Buyers review offers before moving on to the following page. Make it so that buyers "swipe right" on your vehicles to discover the ideal match.
The biggest publicity and marketing resources are devoted to new autos. However, it's challenging to have an impact on the new automobile industry's profitability. That division is largely under the hands of manufacturers and importers. Take charge of the situations you can affect.
Ensure the new automobile buyer has a transparent and reliable appraisal experience. Show them the benefits of accepting your offer. Make them feel secure in your offer on both a new and used car.
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All choices can have unintended consequences. When those outcomes affect someone who had no part in the initial choice, what is it called?
O Free market
O Free resource
O Eminent domain
O Externality
Answer: Externality
Explanation: I got that right
Based on comparable trading metrics, what is the implied enterprise value if the median P/E ratio is used as the basis for valuation? Review Later $315,618 $305,618 $295,618 $325,618
The comparable trading metrics show that the implied enterprise value if the median P/E ratio is used for valuation is $315,618.
How can the implied enterprise value be found?First, the value of equity needs to be found. Based on the market capitalizations, and the earnings, the P/E ratios for the companies are:
Company A = 22.77Company B = 22.05Company C = 16.65Company D = 32.54Company E = 23.51Using the median P/E ratio requires that we arrange the values:
= 16.65, 22.05, 22.77, 23.51, 32.54
The median P/E is 22.77.
The value of Equity is:
= Earnings x Median P/E
= 13,423 x 22.77
= $305,618
The enterprise value is:
= Market value of debt + Market value of equity - Balance in cash account
= 20,000 + 305,618 - 10,000
= $315,618
In conclusion, the implied enterprise value is $315,618
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FBLA-PBL state chapters usually have a number of elected__________ who
represent the state's various regions.
A. Vice Presidents
B. Secretaries
C. Treasurers
D. Presidents
FBLA-PBL state chapters usually have a number of elected, treasurers to represent the state's various regions. Thus, option C is correct.
What is FBLA-PBL?The goal of FBLA is to give high school students in business and/or company subjects more opportunities to build professional and career-supporting competencies and to encourage social and individual accountability as a vital component of the academic curriculum.
In a meeting of the National Leadership Conference, a state chapter shall submit a nomination for treasurer. At its multiple local gatherings at the National Leadership Conference, a state chapter shall propose the national vice presidents who will address the regions. Therefore, option C is the correct option.
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Answer:
A. Vice Presidents
Hope this helps :)
In a market system, how does society decide what goods and services will be produced?
Answer:
the producer gets to decide what to produce, how much to produce, what to charge customers for those goods, and what to pay employees. These decisions in a free-market economy are influenced by the pressures of competition, supply, and demand.
P = 100 - 2Q, where Q is total quantity demanded for both firms 1 and 2, respectively. The firms 1' marginal cost is given by MCi(Qi) = 2Qi. The firms 2' marginal cost is given by MC2(Q2)=4Q2. Based on this information firm 1 and 2's reaction functions are
The reaction functions of the equations that we have here are given as Q1 = 16.7 - 0.33Q₂ and Q₂ = 12.5 - 0.25Q₁
How to solve for the reaction functionsWe have
P = 100 - 2Q
= 100 - 2Q1 - 2Q2
MCi(Qi) = 2Qi
while,
MC2(Q2)=4Q2
δπ₁/δQ₁ = 100Q₁ - 2Q₁² - 2Q₁Q₂ - Q₁²
= 100 - 4Q₁ - 2Q₂ - 2Q₁
= 100 - 6Q₁ - 2Q₂
6Q₁ = 100 - 2Q₂
divide through by 6
Q₁ = 16.7 - 0.33Q₂ ⁻⁻⁻⁻⁻⁻⁻ This is the reactant function for Q₁
δπ₂/δQ₂ = 100Q₂ - 2Q₁Q₂ - 2Q₂² - 2Q₂²
= 100 - 2Q - 4Q₂ - 4Q₂
= 100 - 2Q - 8Q₂
8Q₂ = 100 - 2Q₁
divide through by 8
Q₂ = 12.5 - 0.25Q₁ --------- This is the reactant function for Q2
Hence the reactant functions for these two equations are given as
Q₁ = 16.7 - 0.33Q₂ and Q₂ = 12.5 - 0.25Q₁
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Using Apple as the company, how can this organization benefit from the four business intelligence capabilities? Identify the specific benefits, and how the four capabilities contribute to them.
Explain how business intelligence would improve their Customer Service function.
Explain the technologies that facilitate organizational memory capabilities.
The four capabilities of a business intelligence can be divided into:
data presentationdata analysisdata ingestiondata foundation.What is a business intelligence?This refers to the technology that allows analyzing of data and delivering of actionable information that can helps executives, managers and workers make informed business decisions.
The system of business intelligence is vital for business because it allows them to have an insight into what their competitors are doing and to allows informed & educated decisions for plans.
The business intelligence would improve Apple's Customer Service function because it helps to gain better understanding of customers. For instance, it help to predict the future buying behavior of a customer.
In conclusion, the system thus increases the overall customer satisfaction by improving interactions with your customers and understanding their needs.
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when parents share their concerns and questions about observation and screening results , listen actively and think before responding .
true or false
True. You should always listen and think before responding to a situation like this.
When parents share their concerns and questions about observation and screening results , listen actively and think before responding.
Thus, the correct option is True.
What do you mean by observation?An interdisciplinary field of study known as observational psychology is typically categorized as learning psychology.
In order to understand how people learn, what it means to learn a behavior, and how this understanding of learning might be applied in a preventive or therapeutic context, the psychology of learning is a specific area of psychological study.
According to observational psychology in particular, learning is a direct result of observation.
Similar to behaviorism, it rejects an underlying or instinctual foundation for (most) human behaviors and asserts that instead, the behaviors we acquire and display are a result of a complex interaction between the behaviors we observe in others and the culture in which we are raised.
Because of its heavy emphasis on early learning, observational psychology also has some relevance to developmental psychology, which is why it is referred to be a "interdisciplinary" system.
When observational psychology is referred to as an interdisciplinary field, it implies that the field's theoretical underpinnings are still somewhat in flux.
Observational psychologists' conclusions have received substantial institutional support when considered separately, but they have not yet been codified.
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What other pervasive institutional consideration may influence pay inequality
The other pervasive institutional consideration which may influence pay inequality include: technological advancement, globalization, wage-setting institutional changes. In a persuasive speech, the discourse will focus on the reasons for supporting your specific purpose statement. Read below about persuasive institutional consideration strategies.
What are persuasive strategies?
The persuasive strategies are logos, ethos and pathos. The peak effective persuasive communication usually has a mix of all three strategies. Logos uses logic or reason to reach a conclusion, while ethos depends upon the credibility of the author or speaker.
Therefore, the correct answer is as given above
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Where can you find information about the cost of goods sold as well as total
sales?
A. general ledger
B. worksheet
C. balance sheet
D. adjusted trial balance
The adjusted trial balance represents the cost of goods sold as well as total sales. Thus, option D is correct.
What is the cost of goods sold?Cost of goods means the direct cost that is included in the making of the goods. The cost of goods is calculated by adding the purchase price of the commodity and deducting the closing inventory.
A report known as an adjusted trial balance lists all the debit and credit firm accounts exactly as they would appear on the accounting records after reconciliations have been made. Therefore, option D is the correct option.
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Answer:
B. Worksheet
Explanation:
trust
The additional components of the marketing mix for marketing a service does not include which of the following?
O people
O process
O popularity
O physical environment
Answer:
Popularity is the odd one out. The additional elements for services in the marketing mix are:
People, Process, Physical Environment,Price, Distribution, Advertising,Promotion, Market Research, Price,Social Media, PR, Placement
Which of the following is the single largest federal expenditure? *
1.national defense
2.Social Security
O interest
O Medicare
Answer:
it is B
Explanation:
I Known because I searched it up
“Wonderful! Not only did our salespeople do a good job in meeting the sales budget this year, but our production people did a good job in controlling costs as well,” said Kim Clark, president of Martell Company. “Our $18,300 overall manufacturing cost variance is only 1.2% of the $1,536,000 standard cost of products made during the year. That’s well within the 3% parameter set by management for acceptable variances. It looks like everyone will be in line for a bonus this year.” The company produces and sells a single product. The standard cost card for the product follows: Standard Cost Card—per Unit of Product Direct materials, 2 feet at $8.45 per foot . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $16.90 Direct labor, 1.4 direct labor hours at $16 per direct labor-hour … . . . . . . . . .. . . . . . . 22.40 Variable overhead, 1.4 direct labor-hours at $2.50 per direct labor-hour ….. . . . . . . . . . 3.50 Fixed overhead, 1.4 direct labor-hours at $6 per direct labor-hour . . . . . . . ….. . . . . . . . 8.40 Standard cost per unit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. $51.20 The following additional information is available for the year just completed: a. The company manufactured 30,000 units of product during the year. b. A total of 64,000 feet of material was purchased during the year at a cost of $8.55 per foot. All of this material was used to manufacture the 30,000 units. There were no beginning or ending inventories for the year. c. The company worked 43,500 direct labor-hours during the year at a direct labor cost of $15.80 per hour. d. Overhead is applied to products on the basis of standard direct labor-hours. Data relating to manufacturing overhead costs follow: Denominator activity level (direct labor-hours) . . . . . . . .... . . . . . . . . . . . . . . . . . . . . . 35,000 Budgeted fixed overhead costs (from the overhead flexible budget) . . . . . . . . . . . . $210,000 Actual variable overhead costs incurred . . . .
Standard costing is an effective tool for management to control costs, plan its budgets and take timely decisions. This enables management to establish standardized costs from a global perspective. However, this system requires a large amount of data and int the involvement of all the department managers of the company.
Tools It is very important for the effective use of standard costing tools that all the managers involved in using the standard costing system. This tool requires a lot of information from the various department managers who work at the various cost centers. This information is again relayed to the same managers. They are expected to use this information in taking departmental decisions and reduce the variance between actual and standards.
A thof standard between, however, this information regarding costs and revenue is too detailed and is understood by the accountants, management, and, departmental managers. It is also pertinent to note that in recent times there have been lots of changes in the macroeconomics like political changes, environmental changes, etc. which has caused lots of deviations from standards. Because of this a lot of time and resource is utilized for knowing the differences between the standard cost and actual costs.
Material Variances - The difference between the budgeted/standard material cost for a product and the actual material costs after production. Material variances are calculated for acknowledging the effect of changes in quantity consumed and changes in the price of the raw materials price.
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Lamborghini is a classic example of Question 2 options: selective distribution exclusive distribution intensive distribution indirect distribution
Lamborghini is a classic example of exclusive distribution.
Selective distribution is a method of product distribution where more than one distributor is present in a given area. Brands of televisions, furniture, and home appliances frequently use it.
Exclusive distribution, on the other hand, describes a distribution strategy that only uses one distributor, retailer, or wholesaler in a particular region. Designer clothing, cars, and even home appliances frequently go through exclusive distribution.
A corporation may use an intensive distribution marketing plan to try to sell its goods from a small vendor to a large retailer. A customer will almost always be able to find the merchandise wherever he travels.
The sale and transfer of a product from a producer to a wholesaler, retailer, and ultimately to the customer is known as indirect distribution.
Hence, Lamborghini is a classic example of exclusive distribution.
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What are Convention hotels? Give an example
Convention hotels host large meetings similar to conferences. Social conventions restrict what we can do; they dictate how we should behave. Conventionalism is the result of being conventional, something held up as a normative example; "the convention of not naming the main character"; "violence is the rule, not the exception".
Hotel conventions are large formal assemblies, "political conventions", and international agreements (diplomacy).
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explain other roles of quality circle as part of continuous improvement to process and systems
The quality circle are essential to the part of continuous improvement to process and systems because they examine products, processes or procedures with the objective of making recommendations for improvement to management.
What is a quality circle?This refers to the small group of employees that volunteers to meet regularly to undertake work related projects such as on work quality, productivity, safety, efficiency, cost, working conditions etc.
On other word, they are team of volunteer production employees and their supervisors who meet regularly to solve quality problems.
In a continuous improvement to process and systems, these quality circle are essential because when they meets, they examine products, processes or procedures with the objective of making recommendations for improvement to management.
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2. Mrs Marta is a financial executive with XYZ Enterprises. Although Mrs Msrts has not had any formal training in finance or accounting, she has a “good sense” for numbers and has helped the company grow from a very small company ($500,000 sales) to a large operation ($45 million in sales). With the business growing steadily, however, the company needs to make a number of difficult financial decisions in which Marta feels a little “over his head.” She therefore has decided to hire a new employee with “numbers” expertise to help her. As a basis for determining whom to employ, she has decided to ask each prospective employee to prepare answers to questions relating to the following situations she has encountered recently. Here are the questions. a. In 2009, XYZ Enterprises negotiated and closed a long-term lease contract for newly constructed truck terminals and freight storage facilities. The buildings were constructed on land owned by the company. On January 1, 2010, XYZ took possession of the leased property. 20-year lease is effective for the period January 1, 2010, through December 31, 2029. Advance rental payments of $800,000 are payable to the lessor (owner of facilities) on January 1 of each of the first 10 years of the lease term. Advance payments of $400,000 are due on January 1 for each of the last 10 years of the lease term. XYZ has an option to purchase all the leased facilities for $1 on December 31, 2029. At the time the lease was negotiated, the fair market value of the truck terminals and freight storage facilities was approximately $7,200,000. If the company had borrowed the money to purchase the facilities, it would have had to pay 10% interest. Should the company have purchased rather than leased the facilities? b. Last year the company exchanged a piece of land for a non-interest-bearing note. The note is to be paid at the rate of $15,000 per year for 9 years, beginning one year from the date of disposal of the land. An appropriate rate of interest for the note was 11%. At the time the land wa
The Present Value of Lease is $6,449,579, the Fair value of the note is $83,055.75 and the cost of credit is 12.12%.
Present Value of LeaseYear Cash flows PV Factors Discounted cash flow
0-9 800,000 6.75902 5,407,216
10-19 400,000 2.60590 1,042,360
20
Total 6,449,579
Present Value of Lease = $6,449,579
Purchase price = $7,200,000
Based on the above cash flow the company should lease the facility because the present value of cash payment is low.
b. Fair value of the note
Using this formula
Fair value of the note=Amount×PVOA
Let plug in the formula
Fair value of the note=$15,000×5.53705
Fair value of the note=$83,055.75
c. Cost of credit
Using this formula
Cost of credit=Discount/(1-Discount)×360/Allowed payment day-Discounted day
Let plug in the formula
Cost of credit=1/(1-100)×360/30
Cost of credit =1/99×360/30
Cost of credit=0.1212×100
Cost of credit =12.12%
Based on the above the calculation because the cost of funds which is 10% is lower than the cost of credit which means that the company should not continue the policy.
The complete parts of the question is:
(b) Last year the company exchanged a piece of land for a non-interest-bearing note. The note is to be paid at the rate of $15,000 per year for 9 years, beginning one year from the date of disposal of the land. An appropriate rate of interest for the note was 11%. At the time the land was originally purchased, it cost $90,000. What is the fair value of the note?
(c) The company has always followed the policy to take any cash discounts on goods purchased. Recently, the company purchased a large amount of raw materials at a price of $800,000 with terms 1/10, n/30 on which it took the discount. McDowell has recently estimated its cost of funds at 10%. Should McDowell continue this policy of always taking the cash discount?
Therefore the Present Value of Lease is $6,449,579, the Fair value of the note is $83,055.75 and the cost of credit is 12.12%.
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1) Do goods that have secondary packaging influence your purchasing decisions? Why/why not?
Yes the goods that have secondary packaging are able to influence the purchasing decision of a person.
How does packaging influence consumer buying?The packaging of a product is one of the ways of creating good impression of a product to the would be consumer. The aesthetics of packaging would leave a positive impression on the person affecting their willingness to go for the product..
what is Secondary packaging?This refers to the cover of a product. most times this is what we see when we are about buying a product. it is usually colorful and appealing.
When a particular good is well packaged in a good way, some consumers would want to equate its quality packaging to the fact that the good would be one of value. Packaging are intended to be appealing and this will appease the minds of consumers. The consumer end up making the decision of getting goods or products with better secondary packaging.
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do you think the action of taking the property is fair? Why or why not?
Depending on the purpose, the action of taking property by a government is fair, in that the government can legally take land privately for public purposes, provided that this taking of property is properly compensated to the owner of the property.
What is the right to property?It is the 17th article of the Constitution, which stipulates that every citizen has the right to property, which must not be arbitrarily withdrawn or deprived of it.
The taking of government property is generally carried out for public purposes, being intended for the benefit of society, such as for transformation into schools and hospitals for example.
Therefore, the action of taking a property is fair and constitutional, but the owner of the property must be financially rewarded for it to become legal.
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Frederick taylor’s work in management was instrumental in using engineering principles to
Fredrick Taylor's work in management was instrumental in using engineering principles to the work performed on the factory floor. This way he established a discipline called Industrial Engineering.
Taylor was a mechanical engineer who wanted to improve efficiency in the industry. He is considered as the father of Scientific Management. Taylor supported giving management more power over the workforce. He set out to make a stronger separation between manual labor and mental(planning) labor (executing work). Management was required to create and provide to the workforce detailed plans that outlined the task and how it was to be completed.
Nevertheless, his system's implementation was frequently despised by the workforce, which led to repeated strikes.
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Why is the stock price of a company an indication of the performance of that company's senior managers?
Answer:
In general, people want to invest in a well-managed corporation, which will drive up the price of shares.
The stock price of a company is often considered an indication of the performance of that company's senior managers for several reasons:
Market Perception: The stock price reflects the collective perception of investors and the market about the company's current and future prospects.
If investors have confidence in the company's management and believe that they are making sound strategic decisions, it can lead to an increase in the stock price.
Financial Performance: The stock price is influenced by the company's financial performance. Senior managers are responsible for making key decisions that impact the company's revenue, profitability, and growth.
A well-performing company is more likely to have a higher stock price, indicating effective management practices
However, it is important to note that the stock price is just one metric to evaluate the performance of senior managers.
Other financial and non-financial metrics, such as revenue growth, profit margins, employee satisfaction, customer retention, and innovation, also play a crucial role in assessing management performance comprehensively.
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The TBSI Core Team must include the following:
O A. An administrator or designee
OB. Any general or special education personnel likely to use restraint
OC. A Licensed Specialist in School Psychology
K Both A and B
O All of the above
The TBSI Core Team must include the following-
An administrator or designeeAny general or special education personnel likely to use restraintThus option K is correct.What is a Team?When a group of people comes together to achieve the common objective in the organization by performing individual tasks to achieve the desired results teams are formed.
The TBSI core team referred to as Texas Behavior Support Initiative works to teach students with special needs and all children the fundamental necessary information to implement positive behavior strategies and treatments.
This TBI team must include An administrator or designee who is generally known as a Principal as well as Any general or special education personnel likely to use restraint who helps to teach students.
Therefore, option K both A and B are appropriate.
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Empirical findings on gender differences in negotiations may reinforce which of the following actions?
Gender differences in negotiations reinforce the following actions: women behave more cooperatively, men get higher outcomes and differences are small and situational influences loom larger.
More about negotiations:
The study of gender in negotiation had minimal bearing on the study of gender in organisations, despite the fact that negotiation is a process that increases, maintains, and decreases gender difference in organisations.
Since the 1990s, when feminist theory was first applied to negotiation, gender inequalities have sparked new research interests in the study of bargaining.
Kolb and Putnam (1997) assert that negotiation is a gendered activity, however Gray (1994) believes that negotiation is more centred on autonomous people who pursue instrumental goals.
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what do multinational corporations need to balance when making decisions about social responisbilities?
Answer:
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Prophet Co. signed a long-term purchase contract to buy timber from the U.S. Forest Service at $300 per thousand board feet. Under these terms, Prophet must cut and pay $6,000,000 for this timber during the next year. Currently, the market value is $250 per thousand board feet. At this rate, the market price is $5,000,000. Jerry Herman, the controller, wants to recognize the loss in value on the year-end financial statements, but the financial vice president, Billie Hands, argues that the loss is temporary and should be ignored. Herman notes that market value has remained near $250 for many months, and he sees no sign of significant change. INSTRUCTIONS What are the ethical issues, if any? Is any particular stakeholder harmed by the financial vice president's decision? What should the controller do?
The ethical issue is that the financial vice president fraudulently agreed to pay $6,000,000 rather than the market price of $5,0000,000.
What are the ethical issues?From the information given, the financial vice president fraudulently agreed to pay $6 million instead of the market price of $5 million for the timber.
This is unethical due to the fact that the financial manager may collude with the seller to rip off the company the extra $1 million.
b. Is any particular stakeholder harmed by the financial vice president's decision
The vice president’s financial decision affects the shareholders of the company.
This is because the vice president is reducing the profitability of the company and low profitability means low retained earnings.
The shareholders will be affected in terms of the reduced dividends earned due to the reduced retained earnings.
c) What the controller should do
The controller should then use professional due diligence and integrity on order to ensure transparency in the dealings.
He should therefore ensure that the company does not pay the $6 million that the financial president agreed to pay.
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Define the "Social Entrepreneurs" and state some examples of "Social Enterprise Obligations" that are important to you and why.
Social entrepreneurs is the term that is used to refer to the persons that have businesses that would serve them certain social objectives.
Who is an entrepreneur?This is the term that is used to refer to the person that is a business owner. The entrepreneur is one that is able to open a business and follow up with its establishment for the sake of making profits and other forms of gains.
The social enterprise obligations that are important are fund raising activities, child rights and other forms of rights in the society. some others would be the empowerments for women in the society and other forms of environmental goals.
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Amazon is the dominant firm in the online shopping service industry, which has a total market demand given by Q = 100 – 2 P. Amazon has competition from a fringe of four small firms that produce where their individual marginal costs equal the market price. The fringe firms each have total costs given by TCi = 10 Qi + Q i 2. If Amazon’s total costs are given by TCA = 10 + 10 QA, , how much does the industry as a whole produce at this price?
The price that Amazon has to establish for their online shopping should be $20.
The Excel financial functions section includes the Price Function. It will determine the cost of a bond with a $100 face value that accrues interest on a recurring basis. The PRICE function in financial analysis can be helpful when we want to borrow money by selling bonds rather than stocks.
We have the price function as
P = 10 + 2Qi
Make Qi subject
= Qi = 0.5P - 5
4 firms with identical features
This would give us
Qs = 4Qi
Qs = 4(0.5P -5)
Qs = 2p - 20
Q = 100 - 2p
Qa = Q - Qs
(100 - 2P) - (2P -20)
Take like terms
100 - 2p - 2p + 20
100 - 4p + 20
Qa = 120 - 4p
Make p subject
p = 120 - Qa / 4
p = 30 - 0.25Qa
TRa = p*Qa
= (30 - 0.25Qa)Qa
= 30Qa - 0.25Qa²
MRa
= 30 - 0.5Qa
TCA = 10 + 10QA
= ΔTCA / ΔQA
= 10
30 - 0.5QA = 10
Take like terms
30 - 10 = 0.5Qa
divide through by 0.5
20/0.5 = Qa
40 = Qa
Output produced = 40.
We have P as
30 - 0.25QA
P = 30 - 0.25( *40)
= 20
Hence the price that Amazon has to establish for online shopping should be $20
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Which of the following would not be considered as an example of industrialization
a. Replacement of human with mechanical skills
b . Improved economic organization
c . Improved extraction and working of raw materials
d. Increase in literacy
A trial balance before adjustment included the following:
Debit
Accounts receivable $180,000
Allowance for doubtful accounts 3,500
Sales returns and allowances 540,000
Credit
Sales $540,000
Prepare journal entries assuming that the estimate of uncollectible is:
a. 4% of accounts receivable
b. 2% of net sales
The preparation of the journal entries assuming that the estimate of uncollectible accounts is as follows:
Journal Entries:a. 4% of accounts receivable
Debit Bad Debts Expense $31,300
Credit Allowance for Doubtful Accounts $31,300
To record the bad debts expense for the period.b. 2% of net sales
Debit Bad Debts Expense $13,800
Credit Allowance for Doubtful Accounts $13,800
To record the bad debts expense for the period.Data and Calculations:Debit Credit
Accounts receivable $180,000
Allowance for doubtful accounts 3,500
Sales returns and allowances 25,000
Credit Sales $540,000
Net sales = $515,000 ($540,000 - $25,000)
Adjustment Analysis:a. 4% of accounts receivable
Ending balance of Allowance for doubtful accounts = $27,800 {($180,000 - $25,000 + $540,000) x 4%}
Bad Debts Expense = $31,300 ($3,500 + $27,800)
Bad Debts Expense $31,300 Allowance for Doubtful Accounts $31,300
b. 2% of net sales
Ending balance of Allowance for doubtful accounts = $10,300 ($515,000 x 2%)
Bad Debts Expense = $13,800 ($3,500 + $10,300)
Bad Debts Expense $13,800 Allowance for Doubtful Accounts $13,800
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P owns a $25,000 life policy that pays the face amount to him if he lives to age 70, or to his beneficiary if he dies before age 70. what kind of policy does p own?
The kind of policy that p owns is D) Endowment at Age 70.
The 4 types of regulations include Public policy, Organizational policy, practical policy, and particular policy. Coverage refers to a direction of motion proposed through an agency or man or woman.
A coverage set up and finished by using the authorities is going thru numerous degrees from inception to end. these are timetable construction, formula, adoption, implementation, evaluation, and termination. Before a policy may be created, trouble should exist that is known to the attention of the authorities.
Organizational Policies, These refer to the overall policies of the organization:
Functional Policies Originated Policies. Appealed Policies. Imposed Policies. General Policies. Specific Policies. Implied Policy.Disclaimer: The question is incomplete. Please read below to find the missing content.
Question:P owns a $25,000 Life Policy that pays the face amount to him if he lives to age 70, or to his beneficiary if he dies before age 70. What kind of policy does P own?
A)Straight Life
B)Modified Life
C)Whole Life Paid-Up at Age 70
D)Endowment at Age 70
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